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    1658 W University Dr McKinney, TX 75069

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    For Sale
    Contact for pricing

    Retail space with an existing long-term ground lease.

    Property size:
    532 SF
    Lot size:
    16.17 Acres

    Property Features for 1658 W University Dr

    General Information

    Size
    532 SF
    Lot size
    16.17 Acres

    Source: The Weitzman Group | Dallas Agent Michelle Caplan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Ground Lease Opportunity

    This retail property features a 15-year ground lease, with approximately 9 years remaining on the current term. The tenant has the option to extend the lease with 4 additional 5-year terms. The lease is structured as an absolute NNN ground lease. The property has a size of 532 square feet and is located in McKinney, TX.
    Location Intelligence

    Current Use by Public Records

    Jamba Juice Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    McKinney
    County
    Collin
    State
    Texas
    Longitude
    -96.6299656
    Latitude
    33.2183475

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    FAQs

    What type of property is this?
    Retail space - Retail space with an existing long-term ground lease.
    Where is this retail space located?
    The property is located at 1658 W University Dr McKinney, TX.
    What are key features of this property?
    This property features: - Absolute NNN ground lease; - Tenant has 4 (5-year) options to extend; - 15-year ground lease
    (214) 207-3222
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    1658 W University Dr McKinney, TX 75069
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    McKinney, TX 75069
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1658 W University Dr McKinney, TX 75069
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